Many KiwiSaver members don't understand how credits work

Each year the Government offers free money. But some people still don't know what it is or how to claim it.

A member tax credit (MTC) of $521 is available to all KiwiSaver members, aged 18 to 65,  who contribute at least $1042 into their accounts each financial year. They do not have to do anything else to claim it – KiwiSaver providers handle the process of getting the money into their accounts.

But the Commission for Financial Capability says not enough is being done to make people aware of this key KiwiSaver benefit, and to make sure they get it.

Almost half the KiwiSaver members polled in a survey by Inland Revenue had not heard of a member tax credit.

from
http://www.stuff.co.nz/business/96293894/Many-KiwiSaver-members-don-t-understand-how-credits-work